The pertinent formula is A = P (1 + r/n )^(nt), where
P is the original amount of money (Principal),
A is the compound amount,
r is the annual interest rate, expressed as a decimal fraction,
n is the # of compounding periods per year, and
t is the # of years.
Here, A = $35000 ( 1 + 0.04/4)^(4*6)
= $35000 (1.01)^24
= $35000 (1.2697) = $44440.71
